Green Development Bank reports increase of 62.64% in the net profits; other indicators reflect decent growth

Green Development Bank Limited (GRDBL) has published Q4 report of the fiscal year 2075/76.

The bank has reported a net profit of Rs 1.17 crore in Q4 2075/76. The net profit of the company has increased by 62.64% compared to Rs 71.97 lakh in the Q4 2074/75.

The development bank has collected deposits of Rs 1.08 arba and has floated loans of Rs 1.08 arba in the Q4 2075/76. Deposits of the company have increased massively by 81.30%; whereas, the Loans & advances increased by 86.83%, compared to the corresponding quarter of last fiscal year.

The net interest income of the company has grown tremendously by 123.12%, from Rs 3.32 crore to Rs 7.42 crore in Q4 2075/76.

The development bank's' Paid-Up capital stands at Rs 50 crore with reserved and surplus of Rs 1.59 crore. The bank's NPL has increased from 2.66% to 3.81% in Q4 2075/76.

The EPS stand at Rs 2.34 in Q4 2075/76.